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Extra Census Bulletin
No, 88. WASHINGTON, D. C. October 3, 1894.
SATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN OREGON.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. O, September 19, 1894.
Sir:
The leading results of the investigation of farm and home proprietorship in Oregon for 1890, conducted by
Special Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 18.58 per cent of the farm families hire and 81.42 per cent own the farms cultivated by them ;
that 23.36 per cent of the farm owning families own subject to incumbrance and 76.64 per cent own free of
incumbrance. Among 100 farm families, 19 hire their farms, 19 own with incumbrance, and 62 without incumbrance.
On the owned farms there are liens amounting to $6,841,047, which is 29.85 per cent of their value, and this debt
bears interest at the average rate of 9.06 per cent, making the average annual interest charge $118 to each family.
Each owned and incumbered farm, on the average, is worth $4,359 and is subject to a debt of $1,301.
The corresponding facts for homes are that 53.28 per cent of the home families hire and 46.72 per cent own
their homes; that of the home owning families, 71.96 per cent own free of incumbrance and 28.04 per cent with
incumbrance. In 100 home families, on the average, 53 hire their homes, 13 own with incumbrance, and 34 without
incumbrance. The debt on owned homes aggregates $6,619,499, or 28.45 per cent of their value, and bears interest
at the average rate of 8.72 per cent, so that the annual amount of interest to each home averages $122. An average
debt of $1,398 incumbers each home, which has the average value of $4,914.
There are 2 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
66.25 per cent of the home families hire and 33.75 per cent own their homes, and of the home owning families, 67.72
per cent own with incumbrance and 32.28 per cent own free of incumbrance. In 100 home families, on the average,
are found 66 that hire their horr-os, 23 that own with incumbrance, and 11 that own without incumbrance. The
liens on the owned homes are 28.51 per cent of the value of those subject to lien. Several averages show that the
rate of interest is 8.58 per cext ; value of each owned and incumbered home, $7,080; lien on the same, $2,018, and
yearly interest charge on each home, $173.
Real estate purchase and improvements, when not associated with other objects, caused 61.82 per cent of the
farm families to incur 65.01 per cent of the farm debt and 83.27 per cent of the home families to incur 82.77 per
cent of the home debt.
Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The Secretary of the Interior.
C. O. P.-ta
FARMS. HOMES, AND MORTGAGES.
Table I.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES : 1890.
CIVIL DIVISIONS.
Aggre-
gate.
FAMILIES OWNING.
Families
hiring.
PERCENTAGE OF
FAMILIES OWNING
AND HIRING.
PERCENTAGE OF 1
FAMILIES OWNING
FREE AND INCUM- j
BERED OF TOTAL
OWNING FAMILIES.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING AND HIRING
FAMILIES.
Total.
Free.
Incum-
bered.
Owning.
Hiring.
Free.
Incum-
bered.
Free.
bered.
63,791
39,392
29,400
9,992
24,399
61.75
38,25
74.63
25.37
46.09
15.66
F r farms
27,639
36,152
22,503
16,889
17,216
12,154
5,257
4,735
5,136
19,263
81.42
46.72
18.58
53.28
76.64
71.96
23.36
28.04
62.40
33.62
19.02
13.10
8,803
2,971
959
2,012
5,832
33.75
66.25
32.28
67.72
10.89
22.86
2,067
6,736
916
2,055
362
597
554
1,458
1,151
4.681
41.32
30.51
55.68
69.49
39.52
29.05
60.48
70.95
17.52
8.86
26.80
21.65
27,319
13,918
11,195
2,723
13,431
50.89
49.11
80.44
19.56
40.93
9.96
Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON : 1890.
CIVIL DIVISIONS.
Number of
families
owning
with
branee.
Value.
Incumbrance.
Percentage
branee of
value.
9,992
316,185,727
$13,460,546
29.14
5,257
4,735
22,917,073
23,268,654
6,841,047
6,619,499
29.85
28.45
2,012
14,244,104
4,060,738
28.51
554
1,458
3,157,041
11,087,063
901 ,682
3,159,056
28.56
29.49
Portland
2,723
9,024,550
2,558,761
28.35
OWNERSHIP AND DEBT IN OREGON.
Table 3.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST
CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED :
1890.
CIVTL DIVISIONS.
Average
value of Average Total
each " annual
beredferm eac ' 1 farm '"barge'
or home or home.
Average
annual
interest
charge on
each farm
or home.
Average
annual
rale of
$4,622 ! SI ,317 $1, 197,066
$120
8.89
4,359 1.801 619.661
118
122
9.06
8.72
4,914
1,398 577,405
7,080
2,018 348,479
173
8.58
5,699
7,604
1,628 79,023
2,167 , 269,456
143
185
S.76
8.53
Portland
Rest of state (for homes)
3,314 940 228,926
84
S.95
Table 4.
-PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST : 1890.
SATES OF II
Under 6 per cent 0.46
6 per cent ' 3.18
7 per cent 2.07
8 percent | 31.12
6 to 8 per cent, inclusive 37.21
Over 6 per cent 96.36
Over 8 per cent 62.33
Over 10 per cent 3.82
Over 12 per cent I 0.93
2.60
2.31
31.70
38.12
97.03
61.51
2.92
FOR HOMES IN
- CITIES OF 8,000 TO
100,000 PEOPLE.
For
number For number |
of amount. of ! amount,
families. 'families.
0.89
2.13
1.46
21.50
28.81
35.48
42.66
0.45
1.09
1.84
24.50
28.53
98.46
71.02
0.05
53.15
0.01
BOSTON PUBLIC LIBRARY
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